AMD Q3 Non-GAAP Gross Margin 51% vs 50% YoY
Portfolio Pulse from Benzinga Newsdesk
AMD's Q3 Non-GAAP gross margin has increased to 51% from 50% year-over-year.
October 31, 2023 | 8:17 pm
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POSITIVE IMPACT
AMD's Q3 Non-GAAP gross margin has increased by 1% year-over-year, indicating improved profitability.
The increase in AMD's Non-GAAP gross margin indicates that the company's profitability has improved compared to the same period last year. This could potentially lead to a positive reaction from the market, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100